recently,OpenAILegal technology companies we have invested inHarveyAnnounced successful acquisition of $80 million in Series B fundingFinancing, with a valuation of US$715 million. This round of investment was jointly invested by Kleiner Perkins Caufield & Byers, Sequoia Capital, OpenAI Startup Fund, etc.
It is understood that Harvey is based on OpenAI's GPT-4 series models, combined with proprietary legal data for pre-training and fine-tuning, to provide lawyers with a deeply customized ChatGPT assistant.
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Harvey's products are widely used in legal service agencies, law firms and consulting companies. The global legal service giant LexisNexis launched the ChatGPT assistant Lexis+AI and cooperated with the American Bar Association to provide related services to its 200,000 members.maximumDacheng, a law firm, has partnered with Microsoft to create a generative AI assistant called "fleetAI" based on the GPT-4 model to help its lawyers reduce costs and increase efficiency in querying and generating content.
Harvey was founded in January 2022 and is headquartered in San Francisco, USA. The OpenAI Startup Fund has invested $26 million in seed and Series A financing. In terms of products, Harvey's professional legal ChatGPT assistant covers many aspects, including drafting legal documents, assisting legal research, reviewing legal contracts, and explaining legal terms.
Harvey reached a technical cooperation with PwC and OpenAI on October 26 this year. The cooperation aims to help PwC develop a proprietary legal ChatGPT assistant and apply it to multiple departments such as law, taxation, and human resources.